Our Dickensian Economy

Wall Street Jounal ^ | 12/17/2010 | Alan Blinder

[Michael Tergent]

Season's greetings. And while I'm on the subject, this is a good time for us "haves" to start thinking more about America's "have nots."

The national unemployment rate stands at a horrifying 9.8%. But unemployment is 15.7% among high-school dropouts, and an astonishing 42% of all unemployed workers have been jobless for more than six months. At press time, Congress appeared poised to pass a package of tax cuts that offers 19% of its benefits to the richest 1% of taxpayers. Earlier this month, the president's deficit commission proposed a comprehensive deficit-reduction plan with many virtues. But it included, among ...

[ADSUM]

They are either stupid or want failure. I voted for both.

I should have said that my opinion is that they are both stupid and want failure.

[familyop]

"And while I'm on the subject, this is a good time for us 'haves' to start thinking more about America's 'have nots.'"

No thanks. We already have too many HOAs, zoning regulations against new, domestic manufacturing competition, cops stopping only older vehicles while fishing for revenues, busybodies invading working class families, generalized hatred against working men, injections of other social pathologies and two political parties working only for a few politically correct constituents.

Repudiate the debt. You'll be better off, if men take over now instead seeing our country further ruined with more debts. And tell your socially inclined relatives (environmentalists, feminists, all) to mind their own business.

[WayneLusvardi]

The most appropriate Christmas novel for 2010 that Charles Dickens wrote is not A Christmas Carol but his satire A Bleak House. Read here:

http://www.calwatchdog.com/2010/12/14/ca-budget-filled-with-luxury-items/